Bitcoin to play a vital role in recovery post pandemic. Germany goes online with bitcoin trading this Monday. Bull run?

Most of us lay in wait for the industry to take off and Bitcoin and cryptocurrancy to go mainstream. Your holdings may seem low at current but even a small holding in today's currency is big bucks in the near future.

Cryptocurrancy trading still remains quite challenging to undertake and for those who have managed to circumnavigate the establishment of multiple wallets, transaction fees, the bear and bull markets we do so in the hope that tomorrow trading will commence.

But there is no streamline way to trade and current tax regulations are challenging. This year my tax reporting pretty much took most my gains, literally left me with a few dollars. If I couldn't carry over last year's CGT losses I would have owed money this year. But that's the price of getting in early. It sucks and you end up consuming mass amounts of time trying to make the right decision and limiting transactions which often sees you wearing losses.

Much of it is because Cryptocurrancy trades 24/7 so you could go to bed and be up, wake up and you've been wiped out. Traditional trading only enables the stock exchange to be open at certain times. This limits losses and advantages based on time zones.

If you're a more advanced cryptocurrancy trader you can enable a bot or if you're a developer, write your own and it will protect against massive market shifts.

Germany to enable Cryptocurrancy Trading

The moment many of us lay in wait for is fast arriving and it will be quite fruitful, even a $20 investment has the potential to be a few hundred dollars. If you thought the Bitcoin boom from $1 to $40,000 was exciting and a massive pay day, wait for when the big money entres and bitcoin goes on a bullrun to $200,000.

Where I don't hold any bitcoin but I know people that do I'm on Hive and all Hive related blockchain. What you would have noticed is that when Bitcoin booms so do we.

As we recently saw the increase value in Hive as bitcoin begins to rise, should or meet its position a few months ago we can start seeing a return to 60c Hive again. That's a really good price point. I know we'd all like to see $100 Hive but let's be real, for the time being we're not there yet.

But an interesting development has occurred with a new law coming into effect in Germany on Monday that will legally allow institutional investors to fill their portfolios with bitcoin.

There are rules around how much bitcoin they can hold and they can only hold 20% of their total portfolio Source. In time I bet we will start to see other nations bring in the same regulations as what I have come to realise is that cryptocurrancy and governments at current are a bit of a chain reaction.

Where the US is locked in a CBDC battle with China it is also trying to push forward legislation to enable legal trading and build a safer and more secure means that will see alot more people entre the market. They have a few candles burning persay.

Where Australia has been some what of a cryptocurrancy safe haven and even Australian leading financial experts are tipping that Bitcoin will serge post the Pandemic.

At current governments are increasing debt, increasing money availability, subsidising major firms, lowering interest rates and frankly printing more money. Where this works for the current global down turn there will be a time where recovery begins and inflation kicks in. It will devalue quite alot of fiat currency. Source

This is when we will see Bitcoin raise in value as more people opt out of current traditional financial services and look to preserve their buying power.

Typically this was done with gold reserves and United States Dollars. But as the world is in it together it is likely that inflation will cause issues across multiple countries.

This is where bitcoin will play a vital roll in recovery as people lose trust and faith in fiat and seek alternatives. Australian experts are tipping a financial recovery will include bitcoin.

If Australia knows this, that means everyone else does too and the race to fill their bags with bitcoin has begun.

I don't own any bitcoin and to attempt to fill my bags with it now would probably be futile. But alt coins will also increase as the value of Bitcoin surges. So I'm here blogging, staking, upvoting and BUIDL and paying my tax.

Where the tax man takes my cash today, no doubt they will continue to do so in the near future I am excited about the potential recovery phase that will see me recoup those loses in a bull run.

Here's to paying off my mortgage or being able to make my mortgage repayments with cryptocurrancy.

What do you plan to do if crypto explodes? It's not a matter of if but when.

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